David P. Abney has been with UPS since 1974, starting as a part-time package loader. He climbed the ranks to become CEO on September 1, 2014, after serving as COO since 2007. His journey through different roles, including President of...
David P. Abney has been with UPS since 1974, starting as a part-time package loader. He climbed the ranks to become CEO on September 1, 2014, after serving as COO since 2007. His journey through different roles, including President of UPS Airlines and Senior Vice President of UPS International, set him up to understand the ins and outs of global logistics deeply. Abney's leadership has focused heavily on performance-based results, which is reflected in his compensation structure. In 2023, he earned around $23 million primarily from his salary and stock options, emphasizing his commitment to the company's success and aligning his interests with those of the shareholders. Despite ups and downs, he hasn't received bonuses in recent years, indicating he believes in long-term growth over short-term gains. He holds a significant amount of UPS stock—enough to meet company guidelines requiring him to own eight times his salary in stock. This is not just a number; it shows his dedication to the future of UPS and its sustainability in a fast-changing market. David continues to steer UPS through challenges while aiming for high revenue growth and operational profits.